*Dr. Jumoke Oduwole, Minister for Industry, Trade and Investment, convenes a stakeholder forum, in Abuja, to address stakeholders’ concerns about the annual Financial Reporting Council of Nigeria’s levy

Isola Moses | 绿帽献妻

In a bid to address concerns surrounding the annual Financial Reporting Council of Nigeria (FRCN) levy, Dr. Jumoke Oduwole, Honourable Minister for Industry, Trade and Investment (FMITI), is convening a stakeholder forum.

The Director of Press in the Ministry, in a statement Tuesday, March 25, 2025, said the stakeholder engagement was in direct response to concerns raised by the Organised Private Sector (OPS), and other key stakeholders and aims to facilitate dialogue with the Financial Reporting Council of Nigeria (FRCN).

The statement indicated the forum, scheduled to hold Wednesday, March 26, 2025, in Abuja, FCT, would be streamed online.

It is also noted this will serve as a platform for open dialogue and a review of the current framework.

The Ministry stressed in line with President Tinubu鈥檚 8-Point Agenda, the “administration remains committed to being a listening government.”

The statement also noted: “This convening reflects the federal government鈥檚 broader commitment to transparency, fairness, and alignment with international best practices, with a strong focus on improving Nigeria鈥檚 business environment.

“At the centre of the discussions are concerns regarding certain provisions, particularly the annual due structure for Public Interest Entities (PIEs) under the Financial Reporting Council Act (FRC) (Amendment) 2023.”

In light of the issues raised, Dr. Jumoke Oduwole reaffirmed the Ministry鈥檚 dedication to stakeholder collaboration, stating:

The Director of Press at FMITI said: 鈥淭he Ministry remains committed to working closely with stakeholders.

“Constructive dialogue around regulatory policies is essential to ensure that all businesses 鈥� large and small 鈥� are supported in a fair and sustainable way.

“This is critical to enhancing business competitiveness and aligning with Nigeria鈥檚 broader economic transformation agenda.鈥�